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| Game Changer News Issued by EDXC |
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 Hot Stock to Watch |
Company: Endexx Corporation (Pink Sheets: EDXC)
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Last:
Price: 0.145
Change (%): + 0.005 (3.57)
Volume: 744,001 |
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Endexx Enters Into Definitive Agreement to Acquire Dispense Labs, LLC
Endexx’s M3Hub and Dispense Labs’ Autospense to Enhance Medical Marijuana Management Platform
CAVE CREEK, AZ-(Marketwired - May 29, 2013) - Endexx Corporation (PINKSHEETS: EDXC) announced today that it has entered into a definitive agreement to acquire Dispense Labs, LLC. Dispense Labs has a sophisticated inventory management system and client server-based dispensing machine, known as Autospense. Autospense has applications to enhance the processes necessary to provide M3Hub, a division of Endexx, with a reliable and compliant medical marijuana management solution.
“We are determined to provide the most dynamic and functional medical marijuana management platform in the industry,” said Todd Davis, CEO of Endexx Corporation. “We intend to work with Dispense Labs President Joseph DeRobbio and his team to maximize the availability of Autospense, the most technologically advanced system to date that meets the needs of the medical marijuana industry and patients. Acquiring Dispense Labs was a strategic decision. As a result, we believe M3Hub is one step closer to being the dominant player in this extremely challenging market.”
By incorporating sophisticated software, along with advanced safety and security measures, Autospense is designed and manufactured to dispense medical marijuana while also managing the supply chain. It also provides up-to-the-minute accounting and protects the security of the product, as well as the patient accessing the system. The high-tech machines feature compliance, tracking, accountability, inventory management and a secured client server, all of which were requirements for the M3Hub platform.
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